Karachi, September 29, 2024 – The latest foreign currency exchange rates in Pakistan have been released, reflecting the open market trading as of Sunday.
With global markets experiencing volatility due to various geopolitical and economic factors, the foreign exchange rates in Pakistan continue to adjust accordingly.
The US Dollar (USD), which remains a crucial currency for international trade and investments, is trading at PKR 278.5 for buying and PKR 280 for selling, reflecting slight fluctuations in the value from previous weeks. This consistent movement of the dollar has had an impact on both imports and exports in Pakistan, which heavily rely on the stability of the US currency.
The Euro (EUR), another widely used currency, is being bought at PKR 308.55 and sold at PKR 311.3, as the Eurozone continues to manage inflation and economic challenges. The UK Pound Sterling (GBP) is trading significantly higher at PKR 369.85 for buying and PKR 373.35 for selling, reflecting the ongoing strength of the British currency amid post-Brexit economic adjustments.
Among the Gulf currencies, the Saudi Riyal (SAR) is being traded at PKR 73.75 for buying and PKR 74.3 for selling, and the UAE Dirham (AED) is buying at PKR 75.45 and selling at PKR 76.1. These currencies continue to remain stable, reflecting Pakistan’s strong remittance ties with Gulf nations.
The Kuwaiti Dinar (KWD) remains the highest-valued currency on the list, trading at PKR 898.65 for buying and PKR 908.15 for selling. Similarly, the Bahraini Dinar (BHD) and Omani Riyal (OMR) are being bought and sold at PKR 732.3 and PKR 740.3, and PKR 716.67 and PKR 725.17, respectively.
Other notable exchange rates include the Canadian Dollar (CAD), which is trading at PKR 206.6 for buying and PKR 209 for selling, and the Australian Dollar (AUD), with a buying price of PKR 191 and a selling price of PKR 193.25. The Chinese Yuan (CNY) is relatively stable, trading at PKR 39.6 for buying and PKR 40 for selling.
The ongoing currency fluctuations highlight the dynamic nature of international markets and their impact on Pakistan’s economy. Traders and consumers alike are keeping a close watch on these rates, especially with the upcoming changes in global economic policies.
For detailed updates and future predictions, experts recommend staying tuned to market movements, as exchange rates can influence import costs, travel expenses, and foreign remittances.
